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Which of the following bonds would be the least sensitive to interest rate changes? Zero coupon bond, 20 years to maturity. 5% annual coupon. 10

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Which of the following bonds would be the least sensitive to interest rate changes? Zero coupon bond, 20 years to maturity. 5% annual coupon. 10 years to maturity. 5% annual coupon, 7 years to maturity. 7% annual coupon, 7 years to maturity

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